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HB16-1045

Starting The Child Tax Credit

Concerning the start of the child tax credit.
Session:
2016 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

In 2013, the general assembly created a child tax credit against state income taxes for a resident individual. But the credit, which is a percentage of the federal child tax credit based on the taxpayer's income, is only allowed after the United States congress enacts a version of the 'Marketplace Fairness Act'.

The bill repeals the contingent start of the tax credit and instead allows the credit to be claimed for any income tax year beginning with the 2016 income tax year.

(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. J. Singer
Sen. J. Kefalas, Sen. M. Merrifield

Sponsor

Rep. B. Pettersen

Co-sponsor

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